Saudi Arabia plans to pump up to 11 million bpd in July, the highest ever
Opec agreed with Russia and other oil-producing allies on Saturday to raise output from July by about 1 million bpd
 "Crude oil prices have firmed up since Opec’s November 2016 agreement to cut production by 1.2 million barrels per day")
Crude oil prices have firmed up since Opec’s November 2016 agreement to cut production by 1.2 million barrels per day
Saudi Arabia plans to pump up to 11 million barrels of oil in July, the highest in its history, up from about 10.8 million bpd in June, an industry source familiar with Saudi oil production plans told Reuters on Tuesday.
Opec agreed with Russia and other oil-producing allies on Saturday to raise output from July by about 1 million bpd, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers.
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First Published: Jun 27 2018 | 7:42 AM IST